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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] And, For Ward: Posted by SeanW on April 19, 2003 at 6:05 PM In Reply to: Title Searching Manual posted by SeanW on April 19, 2003 at 5:43 PM I believe I can answer your first question now: #1. How do you know when you've gone back far enough in time in the title record search of a property?? ---------- The title insurance company doesn't throw away their research. If title is clean, they issue a policy # which is recorded with the deed of trust. Then, on the next conveyance, it saves them time to research only as far back as the most recent policy, which they saved in their "title bank" of files. It contains all of the documents and proof that the title was clean when the original policy was issued. Well, if they trust their own previous research, then the foreclosure specialist should be able to as well. That's the "T" in FITE for title #. I remember you said before that the "I" if for Institutional Lender. No institutional would issue a loan without insurance, so it's additional credential that the title was good on that recording date. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I believe I can answer your first question now: : #1. How do you know when you've gone back far enough in time in the title record search of a property?? : ---------- : The title insurance company doesn't throw away their research. If title is clean, they issue a policy # which is recorded with the deed of trust. Then, on the next conveyance, it saves them time to research only as far back as the most recent policy, which they saved in their "title bank" of files. It contains all of the documents and proof that the title was clean when the original policy was issued. : Well, if they trust their own previous research, then the foreclosure specialist should be able to as well. That's the "T" in FITE for title #. : I remember you said before that the "I" if for Institutional Lender. No institutional would issue a loan without insurance, so it's additional credential that the title was good on that recording date. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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